{"id":2145511,"date":"2024-01-10T14:34:02","date_gmt":"2024-01-10T19:34:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/colony-ridge-appears-to-maintain-marketing-strategy-after-doj-lawsuit-for-predatory-lending\/"},"modified":"2024-01-10T14:40:31","modified_gmt":"2024-01-10T19:40:31","slug":"colony-ridge-appears-to-maintain-marketing-strategy-after-doj-lawsuit-for-predatory-lending","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/colony-ridge-appears-to-maintain-marketing-strategy-after-doj-lawsuit-for-predatory-lending\/","title":{"rendered":"Colony Ridge maintains marketing strategy despite DOJ lawsuit for predatory lending"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcolony-ridge-appears-to-maintain-marketing-strategy-after-doj-lawsuit-for-predatory-lending%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2145511&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Colony Ridge: A Controversial Land Development\u200b Under Fire<\/h2>\n<p>Colony Ridge, a massive land \u200cdevelopment in northeast Houston, Texas,\u2062 has become a\u200c hotbed for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/its-happening-president-trump-issues-warning-swing-states-that-found-massive-voter-fraud-which-is-all-of-them-cannot-legally-certify-these-votes\/\" title=\"IT\u2019S HAPPENING: President Trump Issues Warning \u2013 Swing States that Found MASSIVE VOTER FRAUD, which is all of them, CANNOT LEGALLY CERTIFY these votes\">illegal immigrants<\/a>.\u2062 Despite\u200c facing a lawsuit from the Department \u2062of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) for their &#8220;predatory&#8221;\u2064 practices, Colony Ridge has made no changes to its marketing strategy targeting the Spanish-speaking population with no\u200c credit\u200c requirements.<\/p>\n<p>The\u2063 DOJ and CFPB jointly filed\u200c a lawsuit against \u2062Colony \u200cRidge, accusing the developers of\u2063 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dems-lost-all-credibility-on-social-distancing-after-biden-celebrations\/\" title=\"Dems Lost All Credibility On Social Distancing After Biden Celebrations\">engaging<\/a> \u200bin \u2062a\u2064 cycle \u200bof foreclosure and \u200ctargeting Hispanic borrowers with false statements and predatory loans. However, the development continues to market to potential buyers in Spanish, assuring \u200bthem that\u2062 they can purchase \u200dproperty \u200bwithout credit checks.<\/p>\n<p>Colony Ridge&#8217;s commitment to attracting buyers without credit checks is evident in their Instagram account bio, which boldly states &#8220;no necesita cr\u00e9dito&#8221; (no\u2062 credit needed). Their \u2062marketing campaign includes engaging ads featuring dancing \u200demployees and captions in Spanish, emphasizing\u2064 the ease of buying land without credit \u200dchecks.<\/p>\n<p>Public officials\u2062 have criticized Colony Ridge\u2063 for \u2062enabling illegal alien settlement in the United States and enticing\u2062 desperate foreign populations with the promise of low-cost, no-questions-asked property ownership. The development&#8217;s advertisements,\u200d which encourage \u200dbuyers to &#8220;own land in the United \u2064States,&#8221; have drawn\u2062 attention for relying on Individual Taxpayer Identification Numbers, a form of identification \u200doften \u200dused by illegal immigrants.<\/p>\n<p>Despite the lawsuit \u2064and\u200b warnings from \u200cthe DOJ, Colony Ridge&#8217;s marketing \u200dcampaign remains \u200cunchanged. \u200dRecent Instagram\u200c ads continue to promote the opportunity to own a home without credit \u200bchecks, even after the federal lawsuit was filed.<\/p>\n<p>While Colony Ridge \u200cboasts about\u2062 not checking \u200dcredit, \u200cit has faced criticism \u2064for its high foreclosure rate. Nearly half of the \u206335,000 properties sold by \u200cthe development have ended \u200bup back in\u200c their hands, with buyers charged a steep 12.<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/irs-hikes-interest-rates-on-underpayments-and-overpayments\/\" title=\"IRS raises interest rates for underpayments and excessive payments\">9% interest rate<\/a>.<\/p>\n<p>As illegal immigration reaches record\u2064 highs, with \u2062millions\u200b of apprehensions and estimated gotaways,\u200c Colony Ridge&#8217;s \u200cpractices\u2064 have come under increased scrutiny. The development is now facing investigations from the Environmental Protection Agency, the\u200b Internal Revenue Service, the Army Corps of Engineers, and the \u2064Texas Commission on Environmental Quality.<\/p>\n<p>Despite these\u200c controversies, representatives for\u200c Colony Ridge\u2063 have not responded\u2064 to requests for\u200c comment.<\/p>\n<p> Bout loan terms and\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c\u200c<\/p>\n<h2> \u200cCan PAA provide flexible loan terms based on individual borrower needs, such as repayment schedules or <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fed-holds-rates-steady-but-projects-one-more-hike-this-year\/\" title=\"Fed keeps rates unchanged, plans one more hike in 2021.\">interest rate adjustments<\/a><\/h2>\n<p><span>  Yes, PAA (Progressive Asset Accumulation) can provide flexible loan terms based on \u2064individual borrower needs. \u2064This may include \u2063options for \u2063repayment schedules and\u200b interest rate adjustments. PAA aims to cater to the unique requirements of each borrower and work \u200dtowards a\u200b <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/six-groups-who-lose-if-joe-biden-forgives-college-loans\/\" title=\"Six Groups Who Lose If Joe Biden Forgives College Loans\">loan structure<\/a> that is feasible and \u200dbeneficial for them. It is advisable to directly contact PAA to discuss specific \u200dloan terms and inquire about\u200c their flexibility.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Colony Ridge, a vast land development near Houston, Texas, remains unchanged in its marketing approach despite being sued by the Department of Justice for &#8220;predatory&#8221; practices. The development continues to target Spanish-speaking individuals without credit proof, attracting illegal immigrants to the area<\/p>\n","protected":false},"author":503,"featured_media":2145512,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-2145511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2145511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/503"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2145511"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2145511\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2145512"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2145511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2145511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2145511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}